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Dec 6, 2012
12/12
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that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> greta: victims of superstorm sandy blasting the feds
that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy,...
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Dec 6, 2012
12/12
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that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card
that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy,...
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Dec 7, 2012
12/12
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cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand dollars less to spend, that translates into $200 billion of less consumer spending next year. and that's bad for businesses, large and small. >> reporter: behind the scenes, the two sides are talking again. but there was no progress in public. senators today fought over the debt limit, and ended up deadlocked over a bill to allow the president to automatically increase borrowing. >> he's shown what he is really after is unprecedented powers to spend taxpayer dollars without any limit at all. >> reporter: if the debt l
cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand...
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Dec 6, 2012
12/12
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even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic to bitty for job growth compared to the unemployment rate would be measurably
even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest...
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Dec 12, 2012
12/12
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the real attention will be on this massive, $60.3 trillion debt, this fiscal cliff. but, most importantly, this debt crisis next year. i'm not talking about what's going to happen in february or january. what i want to talk about is how do we solve this problem? how do we get the speaker? and the president actually opened up that back door. they're sitting there making back room deals. open up and let the american people see what's going on. i want to see what's going on. they won't tell either side what the deal-making is going on. i don't think that's the way to make policy. >> now, as you said, you and i may not agree. we've debated on this show, though you've always come on. are you saying that you believe that speaker boehner has a score card and is punishing you and three others for standing up and voting for what you believe to be right? >> that is apparently the case. we wrote a letter to the speaker and i think if you read the language of the letter, you walk through all of the washington and you see oh, yes, there was a score card and we were graded a certa
the real attention will be on this massive, $60.3 trillion debt, this fiscal cliff. but, most importantly, this debt crisis next year. i'm not talking about what's going to happen in february or january. what i want to talk about is how do we solve this problem? how do we get the speaker? and the president actually opened up that back door. they're sitting there making back room deals. open up and let the american people see what's going on. i want to see what's going on. they won't tell either...
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Dec 7, 2012
12/12
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>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver. that is ahead. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [
>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time...
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but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperorer. >> reporter: fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes, not by raising rates on the rich as the president has insisted. >> we're not insisting rates j
but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit...
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Dec 8, 2012
12/12
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CSPAN
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does that need to be part of any agreement to appoint -- agreement to avoid the fiscal cliff? >> this is serious fiscal and tax policy. it is about the economic future of our country and making sure this country continues to be the greatest economy and the greatest country in the world. it is not a game. i am with the president on this one. we saw the response of the market in august with the republicans were willing to go off of the fiscal cliff. some of them are saying it now, not paying on our debt and jeopardize the full faith and credit of the united states. this is not a game. if we do not pay our bills and pay our debt, we are going to see interest rates going up. it is not where you make the decision about spending and the budget. you have already made those decisions. this is just about paying the bills. he gets is serious in this country. we have to get the deficit under control and begin to pay down the that feed -- pay down the debt. the last thing we want to do to what is an economic recovery, but a fragile one, we cannot go back to threatening consumer investment
does that need to be part of any agreement to appoint -- agreement to avoid the fiscal cliff? >> this is serious fiscal and tax policy. it is about the economic future of our country and making sure this country continues to be the greatest economy and the greatest country in the world. it is not a game. i am with the president on this one. we saw the response of the market in august with the republicans were willing to go off of the fiscal cliff. some of them are saying it now, not...
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Dec 7, 2012
12/12
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even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic opportunity for job growth compared to the unemployment rate would be measura
even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest...
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both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may refuse to raise the debt ceiling and risk defaulting on the country's loan. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperor. he does not have the power. >> reporter: fiscal cliff negotiations have been at a standstill since monday. not by raising rates on the rich as the president had insisted. >> we're not insisting on rates just out of spite, but rather because we need to rai
both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon...
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Dec 8, 2012
12/12
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you see on one level at the abstract level, debt, deficits, fiscal cliff, and then a transition into the to-do list, which is where they would like to see effort. finally, with all of this battering that people have taken during this last few years of difficult economy, we gave voters -- will go to this question in detail -- which gave them a choice, short-term, pragmatic solutions to fix the problem or long-term visionary policies that will put us on the right track interestingly enough, people are thinker -- people are thinking longer term. it is different for different groups, but generally speaking, people are looking for a longer horizon. quickly, the mood of the country, you see the red track, the wrong track. you see it is still 50% believe the country is on the long track, but you see improvement since where we were in the middle class in the late fall of 2011. that is when it really bottomed out. that was around the time of the debt ceiling debate. only 32% of democrats said right direction in 2011. if you look at it, democrats are 77%. if you move to the left side of the sl
you see on one level at the abstract level, debt, deficits, fiscal cliff, and then a transition into the to-do list, which is where they would like to see effort. finally, with all of this battering that people have taken during this last few years of difficult economy, we gave voters -- will go to this question in detail -- which gave them a choice, short-term, pragmatic solutions to fix the problem or long-term visionary policies that will put us on the right track interestingly enough,...
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Dec 10, 2012
12/12
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. >> when the two sides are beyond the fiscal cliff deadline they have to raise the debt ceiling which can be used as leverage. >>shepard: doctors had given up on saving a little girl with leukemia and now she is alive and her cancer is in complete remission. how did they do it? there is an experimental therapy that saved her. and they tell us it could revolutionize cancer treatment. it has to do with one virus called hiv. >>shepard: doctors say cancer already killed a since-year-old girl until they triad very different kind of treatment. they gave her a disabled form of h.i.v., the virus that causes aids and now the girl has been cancer free for seven months. researchers say this could fundamentally change the way we treat the crippling cancer of leukemia. a doctor who helped develop this treatment is director of blood and transplant at a center in philadelphia. h.i.v....what does this do? >>guest: if you think about it, one of the ways that h.i.v. works is by getting into cells, into immune cells. it is good at getting any cells but the virus makes them sick and kills the immune cell
. >> when the two sides are beyond the fiscal cliff deadline they have to raise the debt ceiling which can be used as leverage. >>shepard: doctors had given up on saving a little girl with leukemia and now she is alive and her cancer is in complete remission. how did they do it? there is an experimental therapy that saved her. and they tell us it could revolutionize cancer treatment. it has to do with one virus called hiv. >>shepard: doctors say cancer already killed a...
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Dec 12, 2012
12/12
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in order to avert fiscal disaster by not raising the debt ceiling. he said he won't indulge in that. unfortunately, the president has also said he won't use or threaten to use the implicit authority many constitutional scholars think the president has to ignore the debt ceiling because the 14th amendment provision that says the full faith and credit of the united states will not be questioned. >> eliot: i wanted to pick up on that threat because while i'm not persuaded you would win that argument, it is a powerful argument. why do you think the white house took that issue off the table? they certainly could have used it as a negotiating ploy lingering out there saying look, pursuant to the constitution you just cited the provision the president must act to protect the full faith and credit of the united states. therefore i -- why did he not use that as a more powerful weapon? >> i don't know, frankly. there are constitutional scholars who say that the debt ceiling is unconstitutional. just the idea of the debt ceiling is unconstitutional because it c
in order to avert fiscal disaster by not raising the debt ceiling. he said he won't indulge in that. unfortunately, the president has also said he won't use or threaten to use the implicit authority many constitutional scholars think the president has to ignore the debt ceiling because the 14th amendment provision that says the full faith and credit of the united states will not be questioned. >> eliot: i wanted to pick up on that threat because while i'm not persuaded you would win that...
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Dec 10, 2012
12/12
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, and florida republican senator subrow, and connecticut independent senator, lieberman, and former debt co-chair and i could go on but i told you i take it upon myself to fix this mess as if i'm not busy enough thank you but i am looking after you and this country and if they cannot put together something, yours truly can and if i have to show up in spandex, i will. >> six weeks after losing their home they are being kicked out of their temporary one. it goes down this week. you wonder whether all of the high five's with the politicians commending fema had a clue. >> a big shout out to fema. they are a great partner. >> the president could not have appointed a better person. >> the administration, fema you have established when the call goes out the country is there to help their people. the "share t. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. get 0% apr financing for 36 months on a 2013 subaru forester
, and florida republican senator subrow, and connecticut independent senator, lieberman, and former debt co-chair and i could go on but i told you i take it upon myself to fix this mess as if i'm not busy enough thank you but i am looking after you and this country and if they cannot put together something, yours truly can and if i have to show up in spandex, i will. >> six weeks after losing their home they are being kicked out of their temporary one. it goes down this week. you wonder...
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Dec 12, 2012
12/12
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in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual element of the comprehensive immigration reform and taken one piece and putting it on the floor, it becomes where everybody else wants to add on. if you put ag jobs on the floor for the agriculture industry, the high tech industry said wait a minute, we need visas for high tech workers. site food industry said we need the low visas for ship hands. then you have the hotel and restaurant industry. you have a series of elements that become a demand. you are back to trying to solve the problem comprehensively. there is a agreeing consensus that we have to achieve through comprehensive reform. what that pathw
in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual...
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coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the nomination. and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- l
coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the...
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Dec 9, 2012
12/12
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even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic opportunity for job growth compared to the unemployment rate would be measura
even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest...
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the president's warning republicans not to include any debt limit concessions in their fiscal cliff strategy. >>> we have had a lovely week around here. but it's time to get back to a little december reality. >> would you look at that. veronica has a look at another change coming our way. what about it, veronica? >> do you like that sunset? isn't that gorgeous? >> it's lovely. >> fiery red there on the horizon. and not a bad day. the wind picked up a bit. that northwesterly wind behind the cold front that came through very early this morning. high temps in fact for today, 60 degrees. that was at 5:00 a.m. we now stand in the mid-50s. pretty much falling temps all day. now 55 degrees. trinidad, and good afternoon to you folks in tyson's corner. up north, already in the 40s. kensington at 48, with temperatures dropping. and these winds have been rocking us today out of the northwest. still at 20-mile-per-hour gusts. those will be settling down. as that happens, it's going to get cold. subfreezing temperatures due by tomorrow morning. we're going to see the numbers really drop during the overni
the president's warning republicans not to include any debt limit concessions in their fiscal cliff strategy. >>> we have had a lovely week around here. but it's time to get back to a little december reality. >> would you look at that. veronica has a look at another change coming our way. what about it, veronica? >> do you like that sunset? isn't that gorgeous? >> it's lovely. >> fiery red there on the horizon. and not a bad day. the wind picked up a bit. that...
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Dec 11, 2012
12/12
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. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pretty close to the vest. i think the speaker is under enormous pressure of his own caucus to get something, to extract something in return for these tax hikes. and that's why he's talking about spending cuts. but i think that they're
. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the...
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Dec 7, 2012
12/12
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they told me the idea is while the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on our debt. that would, like, destroy the economy. that gives republicans a stronger hand or so they think. but really, think about that. here's how it would go. later this month, republicans would, by voting present, which everyone would think was a bit weird, permit the bush tax cuts to expire for income over $250,000. that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next yea
they told me the idea is while the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on our debt. that would, like, destroy the economy. that gives republicans a stronger hand or so they think. but really, think about that. here's how it would go. later this month, republicans would, by voting present, which everyone would think was a bit weird, permit the bush tax cuts to expire for income over $250,000. that...
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Dec 7, 2012
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what happens on generators the devotee saying it is the fiscal cliff. it was said to me last night it's not like a zombie apocalypse happens. i think in the historical sense that's right but if market confidence goes out the window either then or when the debt ceiling comes back up again, that could be very damaging for our economy. >> i think as and denney said, there is going to be some deal that's going to set a deadline for another deal next year. but it's really important like think that they not set up a whole series of opportunities to have that kind of collapse. if a couple nights of the apple but they need to make sure whatever they come up with less a significant period of time the question of housing to overstate especially from the smaller business startup perspective but those are companies that there will be a lot of job creation and it will grow very rapidly sometimes into large companies in a matter of a handful of years and they are not starting at the high rate at all right now. a big chunk of that is confidence. folks that starts the
what happens on generators the devotee saying it is the fiscal cliff. it was said to me last night it's not like a zombie apocalypse happens. i think in the historical sense that's right but if market confidence goes out the window either then or when the debt ceiling comes back up again, that could be very damaging for our economy. >> i think as and denney said, there is going to be some deal that's going to set a deadline for another deal next year. but it's really important like think...
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Dec 10, 2012
12/12
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CNN
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right now you don't owe taxes on the forgiven debt. on the other side of the fiscal cliff you do. it gives homeowners a tax break on unpaid mortgage debt and expires on december 31st unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. if this tax break goes away as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that amount depending on the tax bracket they're in. on average it would be between 20 to $25,000. the banks have an extra incentive to stel short and absorb the loss. under the national mortgage settlement act that went into effect earlier this year, the nation's biggest lenders get a credit for short sales as a form of foreclosure relief. foreclosures sell for $3700 less than homes via short sale. as we near the fiscal cliff you could expect short sales jump more as homeowners look it to aavoid gigt hit with tacks and bankss with foreclosed prormts. if we go over the cliff, the tax bill homeowners face with a
right now you don't owe taxes on the forgiven debt. on the other side of the fiscal cliff you do. it gives homeowners a tax break on unpaid mortgage debt and expires on december 31st unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. if this tax break goes away as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that...
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Dec 5, 2012
12/12
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we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work hard to make? host: mr. welch. guest: first of all you have worked hard and -- but a couple things. number one, i can't comment on the california situation. i just don't know enough about it. although the reports are things are starting to turn around a little bit there. and it's very tough to pass a budget when you've got that superis majority requirement. number two -- supermajority requirement. number two, how we got here, it's not unions. the wages for americans have been going down for the past 10, 15 years. people are not keeping up with inflation. the average america
we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work...
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Dec 13, 2012
12/12
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FBC
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i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a deal with the president, rather than speak for the party. noww you know, stuart, in the british system, someone will stand on the floor of the house of commons in the opposition and give a major statement of the party's position in any given fight. i don't see why it should not be possible to designate somebody like paul ryan or eric cantor or even marco rubio to stand down in washington and give a major presentation. charles: if they give the presentation and the lead ser doing something different -- and the leader is doing something different, isn't that a mixed messa
i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a...
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Dec 11, 2012
12/12
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- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together toward the best possible solution and that means cutting spending. if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering whe minority leader, ms. pelosi, for five minutes
- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our...
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Dec 13, 2012
12/12
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that any deal to avert the fiscal cliff must address serious entitlement reform. we should not let the discussion around taxes, which is sort of dominating the airwaves here in washington, distract us from the fact that washington has a spending problem, not a revenue problem. every independent expert who examined america's long-term structural fiscal dilemma comes to the same conclusion. entitlement programs are the drivers of our national debt over the long term. those who argue that we can dig our way out of a $16 trillion debt -- and counting, by the way -- by raising taxes are ignoring reality. according to the congressional budget office's most recent forecast, under the current tax rates, revenues over the next ten years will average roughly 18% of g.d.p. in other words, federal revenues will return to their historical average without raising taxes on anyone. i will repeat that, mr. president, because i think it's an important point. our tax revenues will go back up to average 18% over the next decade, which is the historical average. that happens with exis
that any deal to avert the fiscal cliff must address serious entitlement reform. we should not let the discussion around taxes, which is sort of dominating the airwaves here in washington, distract us from the fact that washington has a spending problem, not a revenue problem. every independent expert who examined america's long-term structural fiscal dilemma comes to the same conclusion. entitlement programs are the drivers of our national debt over the long term. those who argue that we can...
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Dec 10, 2012
12/12
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CNBC
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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Dec 8, 2012
12/12
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not limited, as you discover, is worry about the debt and the fiscal cliff. our program today, just briefly, others will talk, and we will give the polling results, and then a senior national journal member will have a panel discussion. it is a terrific day, i think. please turn these off. and, again, i welcome you. joan is the executive vice president of the country's largest insurance. you are in good hands with all state. joan has been a terrific partner. she is responsible of corporate relations for allstate. she did civil -- similar work with monsanto and others. she is a consummate marketing and communications strategist, which is what washington is all about, so thank you very much and welcome. [applause] >> ok. thank you. john, for that introduction. the national journal has been a terrific partner in supporting our work and the challenges that the american middle-class has been facing during this great recession, and i thank them for that. many thanks also to end, who will take us through the polling data to date -- many thanks take us through the po
not limited, as you discover, is worry about the debt and the fiscal cliff. our program today, just briefly, others will talk, and we will give the polling results, and then a senior national journal member will have a panel discussion. it is a terrific day, i think. please turn these off. and, again, i welcome you. joan is the executive vice president of the country's largest insurance. you are in good hands with all state. joan has been a terrific partner. she is responsible of corporate...
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Dec 11, 2012
12/12
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speaker, on sunday the president and house speaker boehner met to discuss the impending fiscal cliff. the next day the president jetted off to michigan to campaign for tax increases instead of staying in washington to work on a possible plan. with a national debt of over $16 trillion, washington's out-of-control spending is placing our national security at risk. clearly spending is a threat with an increase of 93.5% over 10 years and revenues increased only 15.7%. raising taxes on the american economy will destroy jobs. reports have indicated that raising taxes on the top 2% will generate up to $80 billion a year. this amount of money covers less than 10% of our nation's annual deficits. it's my hope that the president will address the fiscal cliff to work with house republicans to promote small business job growth. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from illinois rise? mr. dold: to address the house for one minute and t
speaker, on sunday the president and house speaker boehner met to discuss the impending fiscal cliff. the next day the president jetted off to michigan to campaign for tax increases instead of staying in washington to work on a possible plan. with a national debt of over $16 trillion, washington's out-of-control spending is placing our national security at risk. clearly spending is a threat with an increase of 93.5% over 10 years and revenues increased only 15.7%. raising taxes on the american...
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Dec 5, 2012
12/12
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>> as part of these overall discussions on the fiscal cliff and maybe the debt keeling and -- keeling -- ceiling and roll all this together. >> i don't think the debt creelhags a play in -- place in all of this. i think we continue the mcconnell rule which says the president sends over, 2/3 of the congress ons then that is overturned -- obtains then that is overturned so we -- objects then that is overturned. that is holding hostage anything for the future. there are two steps we need to take. one is now, which by passing the middle income tax cut, the decoupling of that from the high-end tax cut is a liberation in terms of discussion on how we go forward. a package that recognizes that we have to establish priorities, that means value some investments more than others and make cuts, and make sure that what we -- judgments we make on revenue and judgments we make on cuts are all in furtherance of growth. in our economy. i have confidence in the sense of responsibility all of our colleagues have to our country, that we'll be able to reach an agreement. and again, not to make it a too c
>> as part of these overall discussions on the fiscal cliff and maybe the debt keeling and -- keeling -- ceiling and roll all this together. >> i don't think the debt creelhags a play in -- place in all of this. i think we continue the mcconnell rule which says the president sends over, 2/3 of the congress ons then that is overturned -- obtains then that is overturned so we -- objects then that is overturned. that is holding hostage anything for the future. there are two steps we...
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Dec 11, 2012
12/12
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related to the fiscal cliff, the last eight or nine meetings. and business leaders representing 32 states we have brought to the white house. the message they're getting is pretty consistent with simpson- bowles and with fixing the debt and with how the business relationship is characterized in the media. they're anxious for debt deal, because they want certainty as quickly as possible. they tend to use simpson-bowles as their frame of reference. the question is not whether it's the democratic or republican plan is better, is which plan is closer to simpson-bowles. host: here is the hill newspaper -- guest: well, [indiscernible] what we do is bring business leaders from around the country to brief the president and his economic team, on health care reform to immigration reform, the fiscal cliff, intellectual property protection. and the business leaders are speaking for themselves. generally speaking, business leaders are centrists, data driven, results oriented. they are looking for compromise in washington. is it a pro-obama group or republica
related to the fiscal cliff, the last eight or nine meetings. and business leaders representing 32 states we have brought to the white house. the message they're getting is pretty consistent with simpson- bowles and with fixing the debt and with how the business relationship is characterized in the media. they're anxious for debt deal, because they want certainty as quickly as possible. they tend to use simpson-bowles as their frame of reference. the question is not whether it's the democratic...
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Dec 12, 2012
12/12
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CSPAN2
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eye 86
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arrangement for us until we get through this fiscal cliff issue. again, what i'd rather see happen is that we just deal with that all right now and we start off next year with people know that's done. since it looks like every day that goes by it looks like it's increasingly unlikely that that's going to happen, i wanted to offer a proposal today for the leadership of the senate and that is since it looks like the debt ceiling could be coming up early next year, as a matter of fact, it may coincide very closely with the continuing resolution so there's two, if you will, moments in time where we've got to make big decisions here for our country, i would offer that we go ahead and begin the process of the debt ceiling and i would make the proposal that the first roughly $1 trillion, $900 billion to $1 trillion in raises in the debt ceiling are accompanied by $900 billion to $1 trillion in cuts in entitlement spending to actually cause those programs to be solvent. i think all of us want to make sure that seniors in this country are protected, we know
arrangement for us until we get through this fiscal cliff issue. again, what i'd rather see happen is that we just deal with that all right now and we start off next year with people know that's done. since it looks like every day that goes by it looks like it's increasingly unlikely that that's going to happen, i wanted to offer a proposal today for the leadership of the senate and that is since it looks like the debt ceiling could be coming up early next year, as a matter of fact, it may...